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RBS Plans £3.5bn Stock Market Float of Direct Line Insurance
Sale of Britain's biggest car insurance group comes after formal OFT referral to Competition Commission.
Libor Scandal: Regulators Push for Major Changes as RBS Faces New Allegation
EU lawmakers hear case for major changes as UK's FSA prepares recommendations for biggest reforms in decades.
RBS Deepens Job Cuts at Investment Bank
State-owned lender will shed 3,800 jobs at investment unit by 2013 taking, total job cull under CEO Stephen Hester to more than 36,000 since 2008 rescue
TUC to Call For Nationalisation of RBS
After RBS takeover, TUC wants a state investment bank which can issue bonds and fund small businesses.
Julius Baer Buys Merrill Lynch’s Private Bank
Swiss private bank Julius Baer snaps up Merrill Lynch’s private bank outside the US, following the latest in a series of banks selling off assets of this kind.
Lloyds Shares Dip after First Half Loss as PPI Costs Rise
Government-controlled Lloyds says some dealers face legal action related to Libor scandal.
Libor Fixing Scandal: Global Banks and Brokers Will Not Join Forces to Reach Settlement
Market sources tell IBTimes UK that banks and brokers under investigation for Libor fixing are unlikely to join forces in reaching a settlement.
RBS and Other Banks Abort $10bn Debt Talks with Dubai Group
The pullout is bound to have serious impact on the beleaguered investment arm of the government-owned conglomerate.
Libor Scandal: MPs to Grill Paul Tucker over Barclays [VIDEO]
Deputy BoE governor Paul Tucker to be grilled over conversations with former Barclays chief executive Bob Diamond.
Failing Directors should be Forced to Repay Bonuses, Says Think Tank
Policy Exchange believes this would help prevent company bosses from excessive risk-taking that may result in fall in share prices and huge losses to the firm.
Libor Rate Fixing Scandal: Ed Miliband Seeks Stricter Jail Term for Bank's 'Corrupt Elite'
The Labour leader proposes a new code of conduct for bankers, a new professional standards board to look into their answers as well as quicker and easier prosecution of wrongdoers.
RBS Boss Stephen Hester Rejects 2012 Bonus in Wake of Libor Scandal
RBS' Hester forgoes his 2012 bonus, following the chaos from the Natwest computer system glitch, and reports that the FSA will fine the bank for its involvement in the Libor rate fixing scandal.
Libor Rate Fixing Scandal: Sacked RBS Trader Claims Chiefs Conspired in Market Manipulation
A sacked senior RBS trader Tan Chi Min said his bosses and senior staff colluded in fixing the Libor rate artificially high or low to maximise profits, according to US court filings.
Mis-Selling Derivatives and Mis-Trust: Britain's Banks Face a Crisis of Integrity
The IBTimes UK investigates the broken trust between banks and customers in the wake of a the industry's "septimana horribilis"
Libor Rate Fixing Scandal: RBS to be Hit with £150m Fine
RBS admits it was guilty of offences similar to those of Barclays, though it maintains they were less serious and more isolated.
RBS Crash: CA Technologies Offers Help to Solve Technical Glitch
US-based IT firm blamed for high street bank account meltdown, says it will do all it can to fix problem.
RBS-NatWest Meltdown 2012: Worst Technology Failures of 21st Century
Expensive computer glitches that affected millions of customers and left companies red-faced and out of pocket.
Did Junior Technician in India Crash RBS? Bank Mulls Lawsuit Against CA Technologies [VIDEO]
Bank considers action against CA Technologies after computer glitch blocked account access for millions of users.
NatWest Technical Glitch will Continue through Weekend, Warns RBS
NatWest opts for Sunday opening of some branches to help cash-strapped customers.
Bank Capital Requirement Rules Hits Lending, Shares in Scramble to Raise Cash
Banks are fighting to shore up capital in the face of substantial enforced capital requirements, set out by Europe's Basel III and the UK's financial industry banking reform, which will make lending suffer more.
RBS App Lets You Draw Cash from ATM With Smartphone
RBS and NatWest introduce a new technology to allow customers to operate ATMs without the bank card.
Dollar Remains Safe Parking Lot For Funds
The U.S. dollar is expected to hold its own as a safe-haven currency in the near term as risk aversion in the global financial markets remains amid the euro zone's troubles.
USD Gains as Dash to Safe Haven Currencies Gathers Pace Over Eurozone Fears
The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.
What Will 'Thomas Cook' Cook up to Survive with £1.2bn Bank Deal?
Major measures such as selling its Indian subsidiary is on the cards for travel giant Thomas Cook for its immediate survival.
Debt-Laden Thomas Cook Close to Signing £1.2 Billion Bank Deal
Britain's well-known tour operator is on the verge of signing the deal after a 12-month struggle.
UK Industrial Production Suffers Biggest Fall in February
The Britain's industrial output experienced a major decline in almost a year in February, confounding previous upbeat private-sector surveys and signalling doubt on the UK's economic recovery.
Game On: RBS Takeover Bid for Game Group Imminent [UPDATED]
Sources suggest that a rescue package for Game Group is being finalised.
Barclays is Britain's Worst Bank: FSA also Shames Lloyds, Bank of Scotland and National Westminster
Barclays Bank has topped the list of Britain's worst banks according to customer complaints yet again as the number of its dissatisfied customers continues to rise, according to regulator the Financial Services Authority (FSA).
Game Group Administration Closes 277 Shops and Makes 2,100 Redundant
Stores stop refunds, exchanges, reward points and gift cards as 40% of workers face sack.
Game Enters Administration: What Happens Next?
Game Group is in administration with 6,000 UK jobs at risk, but what happens now?